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You can also dissolve a New Jersey corporation by submitting the appropriate Certificate of Dissolution form (in duplicate) to the New Jersey Division of Revenue. If you submit a paper Certificate of Dissolution form, you need to include an Estimated Summary Tax Return and an Application for Tax Clearance Certificate.

You can submit a certificate of cancellation to the Division of Revenue online, by mail, or over-the-counter. You can't fax file a certificate of cancellation. One way to dissolve your New Jersey LLC is using the New Jersey Online Business Endings and Cancellation Service (see link below).

It will cost $120 to dissolve a New Jersey Corporation. This includes the $95 dissolution filing fee and the $25 tax clearance fee. There is an additional $15 fee for 8.5 business hour over the counter expedited processing of dissolution documents.

Step 1: Corporation or LLC action. ... Step 2: Filing the Certificate of Dissolution with the state. ... Step 3: Filing federal, state, and local tax forms. ... Step 4: Notifying creditors your business is ending. ... Step 5: Settling creditors' claims.

Vote to dissolve your LLC. ... File Articles of Dissolution with the state. ... Cancel all LLC licenses and permits. ... Cancel your EIN and fictitious name. ... Give notice to creditors and debtors. ... Distribute the LLC's assets among the members.

FORMATION AND REGISTRATION. Depending on the type of business you operate, you will need to take one or two steps for your business to be properly documented in New Jersey. ... You must file an original formation/authorization certificate with the State of New Jersey. The filing process can be completed online.

Articles of dissolution are the functional equivalent of the corporation's death certificate, notifying the state that the corporation no longer exists. Failing to properly dissolve a corporation can have serious consequences for shareholders.

Once the vote to dissolve has been approved by the Board of Directors, it must also be approved by a majority of the corporation shareholders (if there are shareholders). In certain states, a two-thirds vote is required to constitute a majority of shareholder approval.

An inactive corporation legally exists but has no business activity. A corporation is created by filing the necessary forms with the state business department and the IRS. ... A corporation that is inactive but not dissolved still has tax and state reporting obligations.

An inactive corporation is one that does not engage in any business, although it is still registered with the state and has not filed dissolution documents. When a corporation does not make any sales, enter into any new contracts or provide any services to the public, it is inactive.

A dissolved corporation ceases to legally exist and the effect this has on its shareholders depends on how it was dissolved. If the corporation is dissolved voluntarily and its assets distributed to the shareholders without paying all remaining corporate debts, the shareholders could become liable for the debts.

A nonprofit that has members can also dissolve through action by the board and then by the members. The board first must adopt a resolution to dissolve and a plan of dissolution and submit it to the members for a vote.

File a Formal Intent to Close With Your State: (usually the Secretary of State office). Submit a Final Form 990 Tax Return With the IRS: within four months and 15 days of terminating your organization. Withdraw any existing state charitable solicitation registrations. In many states, a terminal filing is required.

File a Formal Intent to Close With Your State: (usually the Secretary of State office). Submit a Final Form 990 Tax Return With the IRS: within four months and 15 days of terminating your organization. Withdraw any existing state charitable solicitation registrations. In many states, a terminal filing is required.

The Form 990 is due within 4 months and 15 days after the last day of the organization's most recently completed fiscal year but if a nonprofit closes its doors mid-year, it can file the 990 as soon as it has completed all the state dissolution requirements, even if the fiscal year is not yet over.